Author Question: Which of the following is most likely a basis for a Jamaican natural advantage in international ... (Read 13 times)

mwit1967 · **on:** Jul 7, 2018

Which of the following is most likely a basis for a Jamaican natural advantage in international trade?

A) product technology developed by a Jamaican company
B) high literacy rates among Jamaican citizens
C) the use of English as the primary language
D) beautiful beaches and climate

Question 2

According to Adam Smith's theory of absolute advantage, specialization allows countries to increase their efficiency for each of the following reasons EXCEPT ________.

A) labor could become more skilled by repeating the same tasks
B) transportation costs could be lowered by producing closer to markets
C) labor would not lose time in switching from the production of one kind of product to another
D) higher production would provide incentives for the development of more effective working methods

Liamb2179 · **Reply #1 on:** Jul 7, 2018

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